Three teams compete in finals of 9th Annual Arizona State University MRED event

PHOENIX, Ariz. – A mixed-used development. An entertainment-anchored district. A multifamily master-planned community.

When the dust settled at the 9th annual REIAC/Rockefeller Group Challenge at Arizona Country Club, it was the San Lucy Plaza project of Diamond West Development Company (DevCo) that took home the cash prize of $3,000 among the three teams of graduating Masters of Real Estate Development (MRED) students from Arizona State University’s W. P. Carey School of Business.

This year the subject property was 25 vacant acres at the SWC of 91st and Northern avenues in Peoria, Arizona. It’s a portion of the land held in trust for the San Lucy District of the Tohono O’odham Nation.

Student teams responded to a fictitious request for development proposals in a competition to be the master developer by presenting proposals to the District. The District has earmarked the property for commercial development that would financially benefit its community members. Six teams presented to the District and three were selected by REIAC and faculty to compete in the Challenge.

The winning team of Joseph Reyes, Lauren Madu, and Jeremy Real said the goal was to “think bold; to think big. To leave a lasting legacy.”

San Lucy Plaza comprises office, retail, hospitality, and 325-unit multifamily community. The design was inspired by the natural environment; the main street is in the shape of a canyon with family entertainment, indoor and outdoor rock-climbing gym.

“That (the canyon) is the heart and soul of the development,” Real said. “We even plan for a zip line through the heart of the plaza.”

The development has three goals, the team said: to be culturally relevant; to be family focused; and to provide significant financial benefits for the District.

“Although there is one winner in the Challenge, all student teams do excellent work. Each year we have great people involved, and even greater development projects to judge,” said Mark Stapp, director of the MRED program. “It’s the faculty that delivers the content that’s so important to people in the industry. That was especially true for this particular assignment. The mentors and students alike were phenomenal. This is as rich and as real as we can make it.”

The other finalists and their projects:

• Alphabet DevCo: Andrea Alley, Alex Bluth, and Colin Ceithaml presented San Lucy North, a mixed-use development consisting of 50,000 SF of retail, 195,000 SF of office, and a 224-unit Class A multifamily community.
• Sonoran Development: Matt Brock, Juan Montoya, Kimberly Rollins, and Joe Siehlmann presented The District at Northern, a $52 million master-planned community. It includes a restaurant, hotel, and 448-unit multifamily project.

Each team was allotted 10 minutes to present a development solution followed by questions from the audience. Audience members chose the winning team immediately after the presentations.

“Two things get better every year,” Stapp said. “One is the support that comes from the REIAC membership and Rockefeller Group because that’s how this becomes real in terms of the student experience and not just in theory. The student experience continues to improve as we develop an alumni base who give back. As the program develops a reputation, we get better students every year.”

In addition to sponsoring the annual Challenge, REIAC Southwest awards two $2,500 scholarships to MRED students that have a financial need and want to pursue real estate careers in Arizona after they graduate.

“As we look forward to next year, the 10th anniversary of the challenge, I continue to be impressed by the scope and execution of the presentations,” said Mark Singerman, Rockefeller Group Vice President/Regional Director and past REIAC Southwest President. “Rockefeller Group is extremely proud to have its name associated with this great program.”

TUCSON, ARIZONA — Highlighted this week is .5-acre industrial ground lease at 900 W MacArthur handled by Max Fisher of BRD Realty

The following leases were submitted to the Real Estate Daily News from May 2-6, 2022.

GROUND LEASE – 900 W. MacARTHUR CIRCLE, TUCSON 85714, South
Copper Ridge Roofing leased a half- acre at 900 W MacArthur. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 5901 S. BELVEDERE AVE., TUCSON 85706, South
Torus IT Systems LLC leased 27,000 square feet of industrial space at 5901 S. Belvedere Ave., in Tucson, from AAW Belvedere LLC. Robert C. Glaser, SIOR, CCIM, Principal, and Paul Hooker, SIOR, Principal, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 6360 S. TUCSON BLVD., TUCSON  85706, South
Alliance Beverage Distributing Company, LLC dba Breakthru Beverage Arizona, leased 23,513 square feet of industrial space at Daybreak Distribution Center, 6360 S. Tucson Blvd., Suite 140 in Tucson, from Daybreak Industrial QOB, LLC. Robert C. Glaser, SIOR, CCIM, Principal, and Paul Hooker, SIOR, Principal, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Robert Martensen, SIOR, CCIM with Colliers International AZ, represented the tenant.

INDUSTRIAL – 2401 S. 34th ST., TUCSON 85713, South
Mitchell, Lewis and Staver Inc leased 8,142 square feet of warehouse at 2401 S 34th St Place. Max Fisher, BRD Realty represented the landlord and Alex Demeroutis and Jess Blum, PICOR represented the tenant.

OFFICE – 2090 N. KOLB RD., TUCSON 85715, Northeast
Theraplay4kidz, d/b/a Arizona Autism, leased 7,919 square feet of office space from Kolb Office Park, LLC, located in Kolb Office Park, 2090 N. Kolb Rd., Suites 100, 130 and 150 in Tucson. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. John G. Yarborough, with Romano Real Estate Corporation, represented the landlord.

INDUSTRIAL – 1625 W. GRANT RD., TUCSON 86745, West
The Facilities Company leased 7,200 square feet of warehouse at 1625 W Grant. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 3231 S. DODGE BLVD., TUCSON 85713, South
The UTV Shop leased 6,804 square feet of warehouse at 3231 S Dodge. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 2165 N. FORBES BLVD., TUCSON 85745, West
Aeora Rocks LLC leased 6,098 square feet of industrial space at Broadbent Business Center, 2165 N. Forbes Blvd., Suite 105 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 120 N. STONE AVE., TUCSON  85701, Central
Mako US Corp. leased 4,980 square feet of office space, located at 120 N. Stone Ave., Suite 220 in Tucson, from 120 North Stone, LLC. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. David Volk, with Volk Company, represented the landlord.

INDUSTRIAL – 2885 E. GANLEY RD., 85706, South
BVC Racing leased 4,824 square feet of warehouse at 2885 E Ganley. Max Fisher of BRD Realty represented both landlord and tenant.

INDUSTRIAL – 2006 E 14th ST., TUCSON 85719, Central
Modiv Energy leased 4,200 square feet of warehouse at 2006 E 14th St . Max Fisher, BRD Realty represented both landlord and tenant. 

OFFICE – 6701 –6763 E. BROADWAY BLVD., TUCSON  85710, East
Arizona Property Management Solutions, Inc. leased 3,931 square feet of office space from Alpine Chalet Apartments, LLC, located in Bootbarn Plaza, 6701-6763 E. Broadway Blvd., Suite 6725-6729 E. Broadway Blvd. in Tucson. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in the transaction. Gordon Wagner and David Dutson, with NAI Horizon, represented the landlord.

RETAIL – 4205 N. CAMPBELL RD., TUCSON 85719, Central
The Diamond Store has signed a lease for 3,527 square feet located at 4205 N. Campbell Road, Tucson, AZ in the Plaza Antigua shopping center located at the northwest corner of Campbell Avenue and Limberlost Road. The Diamond Store aims to become the leading retailer of natural and lab grown diamond jewelry in the Tucson area. The Diamond Store is expected to open in October, 2022  Craig Finfrock of Commercial Retail Advisors, LLC represented the tenant, Diamonds By Design, LLC, and Jeramy Price of Volk Company represented the landlord, GKT Plaza Antigua, LLC

INDUSTRIAL – 114 W FLORES ST., TUCSON 85705, Central
Villa Mesquite Carpentry leased 2,800 square feet of warehouse at 114 W Flores. Max Fisher, BRD Realty represented both landlord and tenant. 

OFFICE – 1202 E. BROADWAY BLVD., TUCSON 85719, Central
Solgen Power, LLC sub-leased 2,550 square feet of office space from Thinkmap, Inc., located in 1202 Studios, 1202 E. Broadway Blvd., Suite 110 in Tucson. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the sub-tenant in this transaction. David Volk with CBRE, Tucson, represented the sub-landlord.

INDUSTRIAL – 8049 E. LAKESIDE PKWY., TUCSON 85730, East
Audio Core LLC leased 2,500 square feet of warehouse at 8049 E Lakeside Suite 203. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 154 W. FORT LOWELL RD., TUCSON 85705, Central
Spotlight Youth Productions leased 2,200 square feet of warehouse at 154 W Fort Lowell. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 2015 N. FORBES BLVD., TUCSON 85745, West
MDM Prime LLC leased 1,920 square feet of industrial space at Broadbent Business Center, 2015 N. Forbes Blvd., Suite 110 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1013 S. EUCLID AVE., TUCSON 85719, Central
Excel Mechanical leased 1,780 square feet of warehouse at 1013 S Euclid. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 184 W. FORT LOWELL RD., TUCSON 85705, Central
Desert Skey Design leased 1,740 square feet of warehouse at 184 W Fort Lowell. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 190 W. FORT LOWELL RD., TUCSON 85705, Central
Legacy Grappling leased 1,620 square feet of warehouse at 190 W Fort Lowell. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 180 W. FORT LOWELL RD., TUCSON 85705, Central
Brawler 101 Boxing leased 1,555 square feet of warehouse at 180 W Fort Lowell. Max Fisher, BRD Realty represented both landlord and tenant. 

RETAIL – 4772 E. SUNRISE DR., TUCSON 85718, Northeast
Stretch Lab leased 1,500 square feet of retail space at Sunrise Village Shopping Center, 4772 E. Sunrise Dr. in Tucson, from Sunrise Village Investors, LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Joey Castillo with Volk Company, represented the tenant.

RETAIL – 5960 W. ARIZONA PAVILIONS TUCSON, 85743
StretchLab leased 1,440 square feet of retail space at Arizona Pavilions Shopping Center, 5960 W. Arizona Pavilions, Suite 110 in Tucson, from AZPAV, LLC. Dave Hammack and Aaron LaPrise, Principals and Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Joseph Castillo with Volk Company, represented the tenant.

INDUSTRIAL – 3755 E. 34th ST., TUCSON 85713, South
Grower’s House leased 1,400 square feet of warehouse at 3755 E 34th St Suite 121. Max Fisher, BRD Realty represented both landlord and tenant.

INDUSTRIAL – 850 E. OHIO ST., TUCSON 85714, South
Sam Gleason leased 1,390 square feet of warehouse at 850 E Ohio Suite 24. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 2430 W RUTHRAUFF RD., TUCSON 85705, Central
Matt Neel leased 1,360 square feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 136-138 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 184 S. STRATFORD DR., TUCSON 85716, Central
True Ranch Hospitality leased 1,337 square feet of office at 184 S Stratford . Max Fisher, BRD Realty represented both landlord and tenant.

OFFICE – 3131 N COUNTRY CLUB RD., TUCSON  85716, Central
Arizona Democratic Party leased 1,243 square feet of office space at 3131 N. Country Club Rd., Suite C-209 in Tucson, from Spirits, LP. Office specialists with Cushman & Wakefield | PICOR handled this transaction. Molly Mary Gilbert represented both parties, and Ryan McGregor represented the landlord.

OFFICE – 4500 E. SPEEDWAY BLVD., TUCSON 85712, Northeast
Four Halos Boutique LLC leased 1,202 square feet of office space at Midway Business Park, 4500 E. Speedway Blvd., Suite 73 in Tucson, from Pegasus Tucson Owner LLC. Agents with Cushman & Wakefield | PICOR handled this transaction. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists, represented the landlord. Molly Mary Gilbert, Office Specialist, represented the tenant.

RETAIL – 6878 E. SUNRISE DR., TUCSON  85750, Northeast
Tuk Tuk Thai leased 1,200 square feet of retail space at Ventana Village Shopping Center, 6878 E. Sunrise Dr., Suite 160 in Tucson, from EREP Ventana II, LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

INDUSTRIAL – 3200 S. DODGE BLVD., TUCSON 85713, South
Alpha Pools LLC leased 1,176 square feet of industrial space at South Dodge Business Center, 3200 S. Dodge Blvd., Suite 8 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 540 W. PRINCE RD., TUCSON 85705, Central
Aragon Chiropractic leased 1,140 square feet of office at 540 W Prince Suite 4. Max Fisher, BRD Realty represented both landlord and tenant. 

INDUSTRIAL – 194 W. FORT LOWELL RD., TUCSON 85705, Central
Super Savers LLC leased 1,125 square feet of warehouse at 194 W Fort Lowell. Max Fisher, BRD Realty represented both landlord and tenant.  

INDUSTRIAL – 3820 E 44th ST., TUCSON 85713, South
DC Auto Detailing leased 1,100 square feet of warehouse at 3820 E 44th St Suite 416. Max Fisher, BRD Realty represented both landlord and tenant.

INDUSTRIAL – 3780 E 44th ST., TUCSON 85713, South
The Wrap Shack AZ leased 1,100 square feet of warehouse at 3780 E 44th St Suite 110. Max Fisher, BRD Realty represented both landlord and tenant.

OFFICE – 622 N COUNTRY CLUB RD., TUCSON 85716 Central
National Center for Youth Law leased 1,050 square feet of office space at 622 N. Country Club Rd., Suite E in Tucson, from Siegmund Properties, LLC. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  

INDUSTRIAL -2112 N. DRAGOON TUCSON 85745, West
Kidz Party Zone leased 1,000 SF of warehouse at 2112 N Dragoon Suite 19. Max Fisher, BRD Realty represented both landlord and tenant.  

RETAIL – 16 S. EASTBOURNE AVE., TUCSON 85716, Central
Barrio Bread has signed a lease to expand into the adjacent 818-square-foot space located at 16 S. Eastbourne Avenue, Tucson, AZ in the Broadway Village shopping center located at the southwest corner of Broadway Road and Country Club Road. Barrio Bread will use the new space to increase production and have a larger retail area for their breads, Barrio Grains and other products. James Beard Award finalist, Don Guerra said the expansion is estimated to be completed in September.  Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, CRI Broadway Village Partners, LLC. 

INDUSTRIAL – 2430 W. RUTHRAUFF RD., TUCSON  85705 Central
Jeremy Richard Algier leased 680 square feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 112 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  

INDUSTRIAL – 2430 W. RUTHRAUFF RD., TUCSON  85705 Central
Field Distributors LLC leased 680 square feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 128 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

Submit sales and leased to [email protected] 

PHOENIX, ARIZONA  – Sales of retail, office, and industrial properties, and 3.77 acres of land, highlight recent deals facilitated by NAI Horizon professionals. The six sales fetched $9.55 million.

Sale Transactions:

Jason Griffith (NAI Excel), Gabe Ortega, Chris Gerow, and Shelby Tworek negotiated the sale of a 16,600 SF retail building, representing the buyer, Salt Castle Trust, for $6 million. The property is located at 13847 N. Northsight Blvd., Scottsdale, AZ. The seller, Bradley Investments, LLC, was represented by Joe Cosgrove with LevRose CRE.

Joan Krueger negotiated the sale of a 5,168 SF office building, representing the seller, SRH LLC, for $1.35 million. The property is located at 2353 E. Baseline Road, Gilbert, AZ. The buyer, Healthy U, was represented by Corey Taber with Equity.

Joan Krueger negotiated the sale of 3.77 acres, representing the seller, Silverado Development Inc., for $1.2 million. The property is located at Loop 202 & Broadway Road, Mesa, AZ. The buyer, 5228 S. Blackstone LLC, was represented by Donna Walkosz with eXp Realty.

Jay Mininberg and Thomas Bean, CCIM, negotiated the sale of a 2,216 SF office, representing the seller, Levin Family Holdings, LLC, for $750,000. The property is located at 11111 N. Scottsdale Road, Scottsdale, AZ. The buyer, TKBPE Revocable Family Trust, was represented by Ken Clarke with Home Smart.

Jeff Adams negotiated the sale of a 6,326 SF industrial building, representing the seller, Kelly Bohannon, for $700,000. The property is located at 3220 N. Delaware, Tempe, AZ.  The buyer, 3220 N. Delaware, LLC, was represented by Matt McDougall with Lee & Associates of Arizona.

Matt Harper, CCIM, negotiated the sale of a 1,200 SF retail building, representing the buyer, Cindy Sourn & Francis Florita, for $300,000. The property is located at 199 E. Butte Ave., Florence, AZ. The seller, Eugene J Marr & Kim Marr, were represented by Kari Bradley with Kari Bradley & Associates.

Lease Transactions:

Isy Sonabend and Drew Eisen represented the landlord, VWP 48th Street Owner, LLC, in a 63-month industrial lease for 42,122 SF at 3232 S. 48th St., Phoenix, AZ. The tenant, Monterrey Tile AZ, LLC, was represented by Tom Ellixson with Menlo CRE.

Sharon Reeves, Gabe Ortega, Chris Gerow and Shelby Tworek represented the tenant, Ta’ Carbon The Real Mexican Grill #3, LLC, in a 129 -month retail lease for 6,330 SF at 6750 W. Peoria Ave., Peoria, AZ. The landlord, EC Crossroads II, LLC, was represented by Stan Sanchez & John Jackson with Colliers International.

Laurel Lewis represented the tenant, Optum Serve Health Services, Inc., in a 63-month office lease for 4,490 SF at 8950 S. 52nd St., Tempe, AZ. The landlord, Orsett Agave, LLC., was represented by Gregg Kafka with Lee & Associates.

Jeff Adams represented the tenant, Adams Disaster and Restoration, Inc., in a 61-month industrial lease for 11,008 SF at 600 S. 56th St., Chandler, AZ. The buyer, Fairview I Property Owner, LLC, was self-represented.

Dylan Whitwer and Don Morrow represented the tenant, Devine Care Family Services, in a 38-month office lease for 1,785 SF at 5501 N. 19th Ave., Phoenix, AZ. The landlord, Parkwood, LLC, was represented by Emily Curry with Colliers.

Joe Pequeno and Troy Giammarco represented the tenant, AZ Express Glass and Mirror, LLC., in a 36-month industrial lease for 1,925 SF at 3116 W. Thomas Road, Phoenix, AZ. The landlord, Pegasus West Valley North Owner, LLC, was represented by Adam Shteir with Citywide Commercial.

Matt Harper, CCIM, represented the landlord, Ed Rapee Living Trust, in a 36-month retail lease for 1,000 SF at 4031 N. 24th St., Phoenix, AZ. The tenant, Alexis Bautista, was self-represented.

Joe Pequeno and Troy Giammarco represented the landlord, 2540 E. Thomas Road, LLC., in a 16-month office lease for 1,200 SF at 2540 E. Thomas Road, Phoenix, AZ. The tenant, Squeeze Management, was self-represented.

Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Ruth E. Davies, in a12-month office lease for 420 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Noomi Transportation, LLC., was represented by Aaron Seabaugh with MCG Commercial.

Submit sales and leases to [email protected]